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5373 US Highway 10 - Investment Opportunity - NNN Lease Rogan's 11,000 SF Retail Condo Unit Offered at $1,595,000 in Stevens Point, WI 54482
Investment Highlights
- Investment opportunity - NNN lease - Rogan's, a Shoe carnival company
- New roof in 2022
- 15 year lease with 9 years remaining and two 5-year options to extend
Executive Summary
• Rogan’s, a Shoe Carnival company • 15 year lease with 9 years remaining and two 5-year options to extend • New roof in 2022 Details: Conveniently located in the center of the state, the Stevens Point area is a recreationalist playground in the heart of central Wisconsin. Major Retailers in the area include Target, Staples, Fleet Farm, Goodwill, Best Buy, Kohl’s Department Store, Aldi, Slumberland Furniture, Lowes, Wal-Mart Supercenter, Ross Dress For Less, and Harbor Freight Tools.
Property Facts
| Total Building Size | 27,840 SF | Typical Floor Size | 26,780 SF |
| Property Type | Retail (Condo) | Year Built | 1992 |
| Property Subtype | Freestanding | Lot Size | 2.68 AC |
| Building Class | C | Parking Ratio | 4.78/1,000 SF |
| Floors | 1 | ||
| Zoning | Commercial | ||
| Total Building Size | 27,840 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Freestanding |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 26,780 SF |
| Year Built | 1992 |
| Lot Size | 2.68 AC |
| Parking Ratio | 4.78/1,000 SF |
| Zoning | Commercial |
Amenities
- Pylon Sign
- Signage
1 Unit Available
Unit B
| Unit Size | 11,000 SF | Sale Type | Investment |
| Price | $1,595,000 | Cap Rate | 6.58% |
| Price Per SF | $145.00 | NOI | $104,938.44 |
| Condo Use | Retail |
| Unit Size | 11,000 SF |
| Price | $1,595,000 |
| Price Per SF | $145.00 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.58% |
| NOI | $104,938.44 |
Description
Rogan's, a Shoe Carnival company shoe store.
Nearby Major Retailers
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5373 US Highway 10 - Investment Opportunity - NNN Lease Rogan's
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